SingTel To Buy U.S.-Based Mobile Advertising Firm Amobee

Singapore Telecommunications Ltd. said it will acquire U.S.-based Amobee Inc., a provider of mobile advertising solutions, for about $321 million — the company’s first major acquisition since 2007.

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Yahoo Awarded $610 Million in Case Against Email Spammers

Yahoo Inc. said it has been awarded $610 million in a judgment against spammers responsible for a fake Yahoo lottery email scheme.

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Jive Software Estimates IPO Terms at 11.7M Shares at $8-$10 Each

The company provides social business software that allows employees and customers to communicate through Jive’s software platform, similar to Facebook but for a business environment.

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AT&T Says Its Merger Withdrawal Beat Out FCC to Hearing Vote

AT&T Inc. said it withdrew its application with the Federal Communications Commission for approval of its planned T-Mobile USA takeover before commissioners had the opportunity to vote on a proposal to send the merger to a hearing for approval.

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News Corp’s U.K. Unit Reaches Settlement With Dowler Family

News Corp.’s U.K. newspaper unit News International said Friday that it has reached a financial settlement with the family of Milly Dowler linked to recent allegations that its now-defunct News of the World newspaper hacked the murdered teenager’s phone. News International said in a statement that it will pay the Dowler family £2 million.

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Shutterfly To Buy Card Site In $333M Deal, Raises 1Q Sales View

Shutterfly Inc. said it would buy a privately held operator of two online cards and stationary websites in a deal it valued at $333 million, while it also raised its revenue guidance for the current quarter.

BREAKING: YouTube Still Isn't Profitable. But It Will Be, Says Google. Again.

Officially, Google doesn’t talk about YouTube’s profitability, or lack thereof. Except, of course, when Google executives do talk about it. Then they say that YouTube is very close to becoming profitable. As Eric Schmidt did today.

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Recorded Music Price-Fixing Suit Reinstated

A U.S. federal appeals court on Wednesday reinstated an antitrust lawsuit against the major record labels over alleged price-fixing of Internet music downloads. In an order Wednesday, the U.S. Second Circuit Court of Appeals overturned a lower court’s decision dismissing the case, saying an amended consolidated lawsuit in the case stated enough of a factual claim to be allowed to proceed.

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Start-Ups Hedging Their Bets on Online-Gambling Legislation

Venture-backed start-ups operating in the three most popular forms of online gambling–poker, horse racing and sports betting–stand to see major impacts from proposals winding their way through Congress that could legalize certain types of Web-based betting.

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Mercedes Loan Overdue? There's an App for That

Mercedes-Benz Financial has launched an iPhone application that allows customers to pay their car loans, locate a dealer or read the latest company news. The application, available for free to its 450,000 customers, makes Mercedes-Benz the first auto-lending unit to offer such a feature. It also intensifies the pressure on other automotive industry players to find new ways to reach consumers to increase loyalty.